After Yesterday's Rally of 1.59% Shares Could Potentially Pullback
Time Warner Cable (NYSE:TWC) traded in a range yesterday that spanned from a low of $92.78 to a high of $94.38. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $94.18 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend is tracking the current trend status for Time Warner Cable and will alert subscribers who have TWC in their portfolio or watchlist when shares have changed trend direction.
Over the past year, Time Warner Cable has traded in a range of $57.15 to $100.50 and is now at $94.13, 65% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.
Keywords: rebounders Time Warner Cable